NW_LS410 Des Moines, IA Wed, Jan 27, 2021 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $190.13 $178.84 Change => 0.45 0.97 ----------------------------------------------------------------------------- Current Index Reflects the Equivalent of 115,978 head of cattle. SUPPLY (Live) 69,986 Hd Equivalent: $162.59 $150.70 DEMAND (Box) 45,992 Hd* Equivalent: $217.66 $206.99 Live-Box Spread: ($55.07) ($56.29) ---------------------------- Input Breakdown ----------------------------- National Daily Direct Cattle : Boxed Beef Cutouts (5 day accumulated wghtd avg) : Ch 600-900# $229.66 Weight Price Head : Se 600-900# $218.99 Live Steer: 1482 $109.57 28,632: Current Lds: 120.6 Live Heifer: 1333 $109.80 19,694: Previous Lds: 131.1 Drsd Steer: 968 $172.59 16,561 Drsd Heifer: 883 $172.59 5,099 ----------------------------------------------------------------------------- Grading % Breakdown : Drop Credit : 9.35 Ch 600-900# : 87.24%: Steer Dressing % : 63.79% Ch 600-750# : 35.26%: Heifer Dressing %: 63.84% Ch 750-900# : 51.97%: Processing Cost : 12.00 Se 600-900# : 12.76%: Slaughter Cost : 50.50 Se 600-750# : 3.33%: Se 750-900# : 9.43%: ----------------------------------------------------------------------------- Equivalent Values for Outlying Beef Carcass Types Basis Value = 190.13 Carcass Weights 400-500#500-600# 600-900# 900-1000# 1000#/up Qlty/Yield (1) -31.15 -15.97 -4.34 -16.00 ----------------------------------------------------------------------------- Prime 1-3 16.16 $175.14 $190.32 $206.29 $201.95 $190.29 Certified 1-3 6.02 $165.00 $180.18 $196.15 $191.81 $180.15 Choice 1 3.71 $162.69 $177.87 $193.84 $189.50 $177.84 Select 1 -7.62 $151.36 $166.54 $182.51 $178.17 $166.51 Stndrd 1-3 -26.32 $132.66 $147.84 $163.81 $159.47 $147.81 Prime 4 3.27 $162.25 $177.43 $193.40 $189.06 $177.40 Choice 4 -11.50 $147.48 $162.66 $178.63 $174.29 $162.63 ----------------------------------------------------------------------------- *Reflects total boxed beef load count from past 5 days multiplied by 75, the average head per boxed beef load. (1) differentials based upon current premiums and discounts. Note: Index reflects simple average of live and box equivalents. Source: USDA Market News Service, Des Moines, IA Bryant Smith 515-284-4460 Desm.LPGMN@ams.usda.gov         24 Hour recorded market information 515-284-4830         www.ams.usda.gov/mnreports/NW_LS410.txt         www.ams.usda.gov/LPSMarketNewsPage